When you apply for a home mortgage, you may think that the lender, or loan originator, will service the loan until it is paid off or your house is sold. However, in today’s market mortgage servicing rights often are bought and sold. The Real Estate Settlement Procedures Act (RESPA) is a consumer protection statute. Sections […]
Why Won’t Lenders Renegotiate Delinquent Home Loans?
Remember the Obama Administration’s “Making Home Affordable Plan”? The one that promised to help millions of financially strapped Americans who faced foreclosure on their homes by giving incentives to lenders to renegotiate their loans? And remember all the bailout money that the banks got in return for promises that they would do their part in […]
Student Loans. Restore Bankruptcy Fresh Start
To the Editor: It is time to restore fairness to the bankruptcy system and allow government and private student loan borrowers the same bankruptcy protections as consumers with other types of unsecured debt now. Accounts of alleged abuse of the bankruptcy system by student loan borrowers were never really well substantiated. Regardless, the new bankruptcy […]
Please Turn To Chapter 7: Still? Still.
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Article printed in the Courier Post
“The bankruptcy reform bills now before Congress and already backed by the banking industry, are bad for consumers. One of the bills has already passed the House of Representatives, even though it is not supported by bankruptcy judges, law professors bankruptcy lawyers. The bankruptcy bills now before Congress give certain credit card debt priority equal […]
